"Although Brexit uncertainty is being touted as a potential factor to ‘dampen’ this specific market we’ve seen little evidence of this from our customers"
New five-year fixed rates start from 3.77% up to 55% LTV and 4.17% up to 75% LTV.
Saffron's expat range has no restriction on countries and is available to first-time buyers with no minimum income and no UK mortgage history required.
Anita Arch, head of mortgage sales at Saffron Building Society, commented: “With over a million UK Nationals reportedly living overseas there is significant opportunity for intermediaries wanting to tap into the expat buy-to-let market.
"Although Brexit uncertainty is being touted as a potential factor to ‘dampen’ this specific market we’ve seen little evidence of this from our customers. In fact this latest ‘reduced rate’ offer has been introduced due to increasing demand for this product!
"The continuing strength in the UK rental market and the ‘supply and demand’ factor adding value to property makes rental opportunities back at home an attractive investment for British expats living abroad.”
